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A company is examining its pension fund and pays for an actuarial study of its employees. The actuary states that the life spans of the
A company is examining its pension fund and pays for an actuarial study of its employees. The actuary states that the life spans of the employees will be normally distributed, mean is 72 and the standard deviation is 5 Recent studies have suggested that advances in healthcare may increase the lifespan of employees. How much would the average life expectancy need to rise in order for 70% of people to live to age 75 or above?
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